VOL. XXXVI

NO. 40

5-JULY-1993

Financial and Banking News

ECONOMIC POLICY

Iran's Council Of Guardians Rejects Free Trade Zones Bill

Iran's Council of Guardians has rejected a bill approved by the Majlis whichwould have allowed the creation of free trade zones. Announcing its decision on27 July, the Council, which is composed of senior clerics and has the task ofensuring that new laws conform to the tenets of Islam, said the bill was"contrary to the Islamic Republic's constitution." The bill, which...